Optimal auction with a general distribution: virtual valuation without densities

Autor:	Svaiter, Benar Fux, Monteiro, P. K.
Přispěvatelé:	Escolas::EPGE, FGV
Rok vydání:	2008
Předmět:	Ironing Optimal auction Virtual valuation TheoryofComputation_GENERAL Economia Independent private values Modelos econométricos
Zdroj:	Repositório Institucional do FGV (FGV Repositório Digital) Fundação Getulio Vargas (FGV) instacron:FGV
Popis:	We characterize the optimal auction in an independent private values framework for a completely general distribution of valuations. We do this introducing a new concept: the generalized virtual valuation. To show the wider applicability of this concept we present two examples showing how to extend the classical models of Mussa and Rosen and Baron and Myerson for arbitrary distributions
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::77067c468119df9529a106acb4d8e250 http://bibliotecadigital.fgv.br/dspace/bitstream/10438/2163/2/distr181108.pdf Zobrazit plný text záznamu